US Bank

[Rackham94]

Do they provide automated decisions or are rejections always mailed?

I recently was approved for PenFed card and wanted another card to age with it since I haven't app'd in awhile. Is there a way to check status I was taken to a generic page.

'With Thank you for applying decision will be mailed 3-7 business days.'

Thank you,

Neftali

[dragontears]

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@Rackham94 wrote:

Do they provide automated decisions or are rejections always mailed?

I recently was approved for PenFed card and wanted another card to age with it since I haven't app'd in awhile. Is there a way to check status I was taken to a generic page.

'With Thank you for applying decision will be mailed 3-7 business days.'

Thank you,

Neftali

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99% of the time US Bank does manual review and it takes several days to get a decision.

The exceptions are when you have a long history with them and/or high scores it is possible to get instant approvals.

[Rackham94]

Thanks for information, just received notification the system initiated an automated application decline. I called Underwriting according to this user's post

http://ficoforums.myfico.com/t5/Credit-Cards/US-Bank-Recon-Number/m-p/814942/highlight/true#M244241?...

The representative said he will submit for manual review and I received an email saying 'Your application has been received' and to check back or call back 3-5 business days.

What are my chances? He said they denied based on number of inquiries in 4 month period  but I only had one in the last 72 hours. 

[dragontears]

What are you current scores? AAoA? Length of banking relationship with US Bank?

[Rackham94]

AAoA= 3.2 years

Highest CL: $20k (AMEX)

Util: 12%

No relationship with US Bank 

no baddies

[creditguy]

For what it's worth US Bank is a relationship bank, that's not to say approval can't be had without a relationship but it sometimes makes the difference.

[ddemari]

I had never any luck with us bank. Their core cards like non retail I still can't get. But I did get three instant approvals with one tu pull for hobby lobby visa, ace rewards visa and club Carlson visa lol. I was shocked!

[RonM21]

It would be nice if you eventually updated with better news of an approval. The inquiry reason is.strange if you only had one during the period of time mentioned.

[Rackham94]

Sure thing bud,

I called today to check the status and they mentioned it was on last step of application process which is Fraud Review and I should have a decision tomorrow or Thursday. 

[Rackham94]

UPDATE: I called into the underwriting backdoor number listed on here to check status 

I was approved, but I talked to a rep and mentioned it was only a $1k limit...

It is the Cash Reward Visa Platinum.. 

Anyway to return this and get my inquiry back??

Lesson learned: READ THE FINE PRINT

If you do not qualify for the U.S. Bank Cash+™ Visa Signature® Card, you will automatically be considered for the U.S. Bank Cash Rewards Visa® Card that earns 1% cash back on all net purchases, but does not offer the 5% and 2% Cash+ Categories.